Question

question 35
1 pts
the most obvious benefit of specialization and trade is that they allow us to
work more hours per week than we otherwise would be able to work
consume more goods than we otherwise would be able to consume
consume more goods by forcing people in other countries to consume fewer goods
spend more money on goods that are beneficial to society, and less money on goods that are harmful
to society

Explanation:

Specialization and trade are key concepts in economics (a subfield of Business). The core idea is that by specializing in producing goods we have a comparative advantage in and trading, we can access a wider variety and greater quantity of goods. Option 1 is incorrect as specialization/trade doesn't force more work hours. Option 3 is wrong because trade is mutually beneficial, not about forcing others to consume less. Option 4 is unrelated as specialization/trade isn't about choosing socially beneficial/harmful goods. Option 2 is correct as trade allows us to consume beyond what we could produce alone.

Answer:

B. consume more goods than we otherwise would be able to consume